Professional Office
For Sale
$299,000
369 E Main Street, East Islip, NY 11730
A multi-office suite includes a conference room, reception area, private restroom, and separately controlled heating and air conditioning.
Property Size1,000 SF
Price / SF$299
Days on Market76
Property Features for 369 E Main Street
General Information
Standard status
Active
Size
1,000 SF
Class
B
Total Parking Spaces
75
Property subtype
Commercial
Zoning
BU3
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$9,820
Building Details
Building Size
1,000 SF
Year Built
1985
Buildings
1
Stories
1
Listing Agency:
Howard Hanna Coach
(631) 331-3600
Listed By:
David Friedman
(631) 358-9344
Source:
Croninreale
Added: Aug 12
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Coach
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Investment Insights
Based on property information with market context.
This office condominium contains approximately 1,000 square feet within an established professional complex. Its layout provides a reception area, conference room, principal office, three additional private offices, storage, and a private restroom. Separate electric service and individual thermostat, heating, and air-conditioning controls support independent operation. The building dates to 1985, and the property is zoned BU3.
The suite is at 369 E Main Street in East Islip, with access to major roadways and nearby business centers. Shared parking serves staff and visitors. Furniture may be available, and any use is subject to applicable zoning and condominium regulations.
The suite is at 369 E Main Street in East Islip, with access to major roadways and nearby business centers. Shared parking serves staff and visitors. Furniture may be available, and any use is subject to applicable zoning and condominium regulations.
Key Highlights
- Approximately 1,000 square feet in an office condominium
- Reception area, conference room, principal office, and three additional private offices
- Private restroom and dedicated storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,195
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,900
$343.9K
Cap Rate 7%
$245,643
$245.6K
Cap Rate 9%
$191,056
$191.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$28.0K $27.96/SF
− Vacancy
−$5.0K −$5.03/SF
EGI
$22.9K $22.93/SF
− OpEx
−$5.7K −$5.73/SF
NOI
$17.2K $17.20/SF
Area
Suffolk County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,900
Cap Rate 7%
$245,643
Cap Rate 9%
$191,056
Alternative Uses
Best Use
Office B
$245.6K
$214.9K – $286.6K
NOI $17,195 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.6K
$266.6K – $355.4K
NOI $21,325 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
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Business Placement
Demographics for 11730, NY
14,523
Population
5,230
Households
2.8
Avg Household Size
43
Median Age
39%
College-Educated
95%
High-School Grad
4.5 sq mi
ZIP Area
3,227
Density / Sq Mi
$146,190
Median Household Income
$64,934
Median Earnings
$2,508
Median Rent
$577,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A multi-office suite includes a conference room, reception area, private restroom, and separately controlled heating and air conditioning.
Where is this office unit located?
The property is located at 369 E Main Street East Islip, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Approximately 1,000 square feet in an office condominium; Reception area, conference room, principal office, and three additional private offices; Private restroom and dedicated storage
